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Fund to help tourism be more sustainable

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A new multi-million dollar fund is now available for tourism projects to help the industry become more sustainabl.

Tourism Minister Stuart Nash announced the the $54 million programme early this week. He said it would support unique and transformative ideas to improve the sector.

There will be two funding streams, with applicants needing to co-fund at least 50 percent of the feasibility project costs.

One stream will co-fund up to $25,000 for innovative ideas that may need more feasibility work.

The second funding option will develop ready-to-be-delivered projects for which the government will co-fund between $100,000 and $10 million per project.

If applicants can demonstrate a significant positive community or sector-wide benefit, they may be eligible to receive up to 75 percent co-funding.

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